According to GlobalData, LNG imports by the world’s top three consumers – Japan, China and South Korea, and other Asia-Pacific (APAC) countries such as India have taken a hit due to reduced demand and economic slowdown fuelled by the Covid-19 outbreak.

Due to the Covid-19 outbreak and its impact, there is a fall in electricity demand in Australia like elsewhere that has provided an opportunity for the renewable sector to take centre stage in the continent, GlobalData said.

About gasworld

Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.